This week in our Fire & Security industry news round-up we cover challenges faced by video cameras manufacturers, acquisition of Mercury Security by HID, growth of control room market and more…
Challenges of western video cameras manufacturers
Chinese Manufactures will continue to dominate the mainstream video camera market unless western manufactures adopt viable strategies to meet the new challenges driven by customer needs. The world’s two major manufacturers, Dahua and Hikvision, were both incorporated in the early years of this millennium. This is a success story based on organic growth that no western manufacturer in the video surveillance industry can compare with. However, no western manufacturer has had the benefit of a protected home market, the largest single market in the world and copious funds from government banks.
HID Global acquiring Mercury Security
HID Global, a global provider of identity solutions, has signed an agreement to acquire Mercury Security, an OEM supplier of controllers for physical access control. “The acquisition of Mercury Security will advance HID’s global leadership in the physical access control industry, adding Mercury Security’s high-quality controllers to HID’s product portfolio while extending HID’s installed base of millions of users beyond the readers and smart cards that we are already well known for”.
Drone operators helping to speed hurricane recovery
After the widespread devastation Hurricane Irma wreaked on Florida last weekend, drones have been invaluable in supporting response and recovery efforts in the State. A wide variety of agencies sought Federal Aviation Administration authorization to fly drones in the affected areas. The FAA responded quickly, issuing a total of 132 airspace authorizations as of today to ensure the drones can operate safely. Drones also have played a significant role in helping Florida Power and Light (FPL) restore electricity – especially air conditioning – for its 4.4 million customers.
(Government Security News, 20/09/2017)
Global Control Room Market growth
“While growth in the public safety sector — the control room market’s largest industry — has recently been stagnant, we expect strong growth over the next four years”. According to IHS Markit, the command and control room and public safety answering point (PSAP) market is expected to grow from $5.4 billion in 2015 to reach $7.6 billion in 2020, at a compound annual growth rate of 7.1%. Major factors spurring market growth include national public safety initiatives, technology integration and system interoperability, the increasing value placed on “big data” and analytics, and control room consolidation.
(Security World Market, 20/09/2017)
Disney is revolutionizing video surveillance
The Disney Research team is responsible for a number of significant innovations. The latest topic that Disney has published a research paper on promises to revolutionize the way surveillance is carried out. Disney has been working on improving the image-recognition ability of the many security cameras installed all over the Magic Kingdom – instead of having the software identify the full face of an individual and trying to track it across different feeds, the new program identifies tiny, rectangular sub-regions of the person’s face called ‘Patches’.
Raising terror attacks make Global Physical Security Services Market grow
Transparency Market Research (TMR) foresees the global physical security services market to attract a revenue growth of $191.7 billion by the end of 2022 from a $110.3 billion in 2017 at an 11.7% CAGR. The international physical security services market is envisioned to garner a high demand in the coming years on account of an aggressive adoption of monitoring solutions by both private and government enterprises. Throughout the course of the forecast period, North America is prophesied to grab the first position in the market while riding on a higher revenue. By 2022 end, the regional market could secure a revenue of US$56.3 bn.
(CISION PR Newswire, 19/09/2017)
Our weekly fire and security news round-up regularly feature supplier news, product launches, events, our own articles, and much more. Check back each week to catch up on the industry news affecting the fire & security sector collated by our team of fire & security recruiters.
Eligo Fire & Security are a leading Fire & Security recruitment agency specialising in jobs and recruitment across the sector. Companies we work with include major distributors, installers, manufacturers, integrators, consultants, and end users. Take a look at our company page to find out more.
If you have a news article you would like featured in our industry news or would like to work with Eligo Fire & Security to product content please do not hesitate to get in touch.